India Sodium Nitrate Market Size & Outlook, 2022-2030

The sodium nitrate market in India is expected to reach a projected revenue of US$ 13.8 million by 2030. A compound annual growth rate of 7.1% is expected of India sodium nitrate market from 2023 to 2030.
Revenue, 2022 (US$M)
$8.0
Forecast, 2030 (US$M)
$13.8
CAGR, 2023 - 2030
7.1%
Report Coverage
India

India sodium nitrate market highlights

  • The India sodium nitrate market generated a revenue of USD 8.0 million in 2022 and is expected to reach USD 13.8 million by 2030.
  • The India market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
  • In terms of segment, industrial was the largest revenue generating grade in 2022.
  • Industrial is the most lucrative grade segment registering the fastest growth during the forecast period.

Sodium nitrate market data book summary

Market revenue in 2022USD 8.0 million
Market revenue in 2030USD 13.8 million
Growth rate7.1% (CAGR from 2022 to 2030)
Largest segmentIndustrial
Fastest growing segmentIndustrial
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIndustrial, Pharmaceutical, Food
Key market players worldwideSociedad Quimica Y Minera De Chile SA ADR, Basf SE, Quality Chemicals Ltd, Deepak Fertilisers, Sociedad Quimica Y Minera (SQM), Weifang Yingsheng Chemicals Co., Jiangsu Fengshan Group, UralChem

Other key industry trends

  • In terms of revenue, India accounted for 7.5% of the global sodium nitrate market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China sodium nitrate market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13.8 million by 2030.

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Sodium Nitrate Market Companies

Name Profile # Employees HQ Website

India sodium nitrate market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sodium nitrate market will help companies and investors design strategic landscapes.


Industrial was the largest segment with a revenue share of 82.5% in 2022. Horizon Databook has segmented the India sodium nitrate market based on industrial, pharmaceutical, food covering the revenue growth of each sub-segment from 2018 to 2030.


  • India Sodium Nitrate Grade Outlook (Revenue, USD Million, 2018-2030)
    • Industrial
    • Pharmaceutical
    • Food
  • India Sodium Nitrate Application Outlook (Revenue, USD Million, 2018-2030)
    • Chemicals
    • Fertilizers
    • Explosives
    • Glass
    • Pharmaceuticals
    • Food & Beverages
    • Others

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  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the India sodium nitrate market , including forecasts for subscribers. This country databook contains high-level insights into India sodium nitrate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India sodium nitrate market size, by grade, 2018-2030 (US$M)

India Sodium Nitrate Market Outlook Share, 2022 & 2030 (US$M)

India sodium nitrate market size, by grade, 2018-2030 (US$M)

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